The 2023 Spring Budget was delivered on Wednesday 15 March by the UK Chancellor of the Exchequer, Jeremy Hunt. While some announcements were anticipated, there were also a few surprises.
Krupa Thakker, an Associate in our Private Wealth team, has partnered with Lexis Nexis to share a summary of the key takeaways from the budget for private clients, including the abolition of the pension lifetime allowance, the implications of an elective accruals basis of taxation for carried interest and the taxation of trusts. You can watch the full video here.
For further information about any of the changes in the Budget, please contact Krupa or your usual Druces adviser.